News

Investments
Payments Gateway ConnexPay Nets $20M to Expand in Europe, Online
December 09, 2021

Payments gateway ConnexPay raised $20 million in a Series B funding round led by card issuing platform Marqeta, according to a press release emailed to PYMNTS on Thursday (Dec. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
SaaS Startup Mambu Closes €235M Funding Deal at €4.9B Valuation
December 09, 2021

Software-as-a-service (SaaS) banking platform Mambu raised €235 million in Series E funding round led by EQT Growth, bringing its valuation to €4.9 billion and making it one of the highest-valued B2B SaaS companies founded in Europe, according to a press release on Thursday (Dec. 9)....

Cross-border Payments
Consumers Bring Domestic eCommerce Demands to Growing Cross-Border Transactions
December 09, 2021

More than a decade ago, when cosmetics company 100% Pure was starting to sell internationally, it ran a separate website for each country, which “was a lot of overhead,” according to founder and CEO Ric Kostick. Get the Full Story Complete the form to unlock...

Investments
Private Equity Firm Accel-KKR Invests in Entersekt to Boost Device Authentication, Security
December 09, 2021

Entersekt, which works in device identity and authentication, has seen an investment from Accel-KKR, which works in private equity, the companies announced Thursday (Dec. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Real Estate Transactions Are Complicated But Real Estate Payments Don’t Need To Be
December 09, 2021

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Biometrics
Eliminating ‘Biometric Bias’ Will Take Collective Effort From Banks, Retailers and Consumers
December 09, 2021

Picture, for a moment, the biometrics you might use every day — perhaps every time you unlock your phone. The thought of bias — exclusion based on race or gender identity — might not enter your mental picture. Get the Full Story Complete the form...

B2B Payments
Fortis Buys VIP Integrated Payments to Boost ERP, VAR Business
December 08, 2021

Fortis, the payments and commerce tech company, has acquired VIP Integrated Payments, which will help it simplify payments and cash flow for digitizing businesses, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
GameStop’s Losses Widen as it Moves to eCommerce Retail
December 08, 2021

Seeing losses in the fiscal Q3, GameStop also saw its shares fall by 4%, CNBC reported Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Retail
Fashion Platform Rent the Runway Reports Widening Net Loss as Consumers Slow to Return
December 08, 2021

Fashion rental platform Rent the Runway saw its shares falling over 13% as it posted broader third-quarter losses, CNBC reported Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...